Serving All of Los Angeles County

Scope of
Services and Programs Listing

Montebello Housing Development Corporation helps
inform, educate and facilitate home ownership for
people in our service area communities. We serve
low-to-modest-income working families, primarily in
Los Angeles County, who qualify for assistance. The
majority of our clients hear about MHDC’s services
through referrals of previous clients. MHDC provides
service events including housing fairs, home rescue
fairs, foreclosure workshops, financial literacy
classes and outreach to more than 22 municipalities,
communities and cities across the greater
metropolitan Los Angeles area. We also serve clients
in Orange, San Bernardino, Riverside and Ventura
counties.

Central to MHDC’s mission is “education, support and
assistance.” As a leader in housing, MHDC provides
one-on-one counseling services, conducts key
informative classes, facilitates do-it-yourself
workshops, leads community clean-ups and champions
advocacy to empower individuals and working families
to realize the American Dream of owning a home.

CalHome
Second Mortgage Loan Program:

The State of California Housing and Community
Development Department awarded grants to MHDC that
provide silent second mortgage loans to very low-and
low-income, first-time homebuyers in Los Angeles
County. These loans assist in the purchase of homes
in Los Angeles County. CalHome loans are funded up
to $55,000.
Download and complete an intake form for our First
Time Homebuyer Program

• Have not had an ownership interest in
residential real estate within the preceding
three years.

• A minimum down payment equal to 3% of the
sales price, which amount shall be
contributed from the borrower's personal
resources or amount may be gifted.

• Maximum loan amount is up to $55,000

• Buyers must attend a homebuyer education
class approved by MHDC.

• Fico score must be a 620 or better.

CalHome Qualifying Income Limits 80% of
Median Income

Household Size

Maximum Income

1

$50,500

2

$57,700

3

$64,900

4

$72,100

5

$77,900

6

$83,650

7

$89,450

8

$95,200

Income Limits Above Subject to Change

Montebello
Second Mortgage Loan Program:

MHDC provides silent second mortgage loans deferred
for five years to
first-time homebuyers of low-to-moderate-income
means. These loans are available for the acquisition
of homes in the City of Montebello. The loans fill
the gap between the purchase price of the home and
the buying power of the homebuyer.

Virtual
Counseling Network:

MHDC is now a member of the Virtual Counseling
Network which allows MHDC counselors to provide HUD
certified counseling on-line. This is a new
collaborative program that exist in Southern
California providing a variety of online services to
clients of MHDC and beyond. The program is
being developed and be available soon. Stay tuned.

MHDC Property Acquisition Program:

The Property Acquisition Program was developed to
address the lack of inventory and competitive nature
of the current market our clients are attempting to
purchase homes in. In order for Silent Second
Programs and the MHDC First Time Homebuyer CalHome
Program to work our buyers must be in a market that
can provide affordable housing for them. The current
market does not provide them with a level playing
field because in too many cases investors drive up
costs, and inventory has remained low. Through this
program, MHDC acquires or purchases property or
single-family homes for development and renovation
for sale. If you are in the market to purchase a
home in any of the following areas, please call
MHDC.

Riverside County

Cobb County

Lake County

San Bernardino County

Los Angeles County

Homebuyer
Education Program:

Education is at the core of MHDC’s mission, thus
MHDC offers classes to individuals interested in
home ownership. All first-time homebuyers are
encouraged to attend in order to better understand
home ownership and responsibilities, basic finance,
and establishing or rebuilding credit — all of which
result in wealth creation. MHDC believes a solid
education and financial literacy are equally
important for home ownership and for home-ownership
retention. While classes are mandatory, per HUD
requirements, MHDC encourages current homeowners to
attend in order to obtain the most current
information on home buying opportunities. Classes
consist of eight hours of pre-acquisition and two
hours of post-acquisition information. These can be
conducted as workshops for groups of any size. Call
Juan Rivera at 323-722-3955 or visit our
website for a copy of our current class
schedule.
Download and complete an intake form for our First
Time Homebuyer Program

First Time Home Buyer Academy

If you are not ready to purchase a home now and want
an alternative to the Homebuyer Education Class you
should consider our Academy for First Time Home
Buyers. This Academy takes you through a year
long program with monthly workshops that cover
various aspects of the home buying process in a
small group setting. If you would be
interested in knowing the home buying process, this
is an excellent opportunity for you. Have you
always wondered how to determine what you can
afford, what a good interest rate is, what's my FICO
score, what is considered a "good mortgage", and how
does the market determine value? This and many
other concepts are demystified for you in our
workshops with one of our counselors, so you can ask
questions and get the information you need and into
homeownership with confidence. Register now,
call Robert Monzon or Rachel Reyna at
323-722-3955 or email us at
info@mhdcca.org

The Board of Directors have lead an effort to
provide projects that will serve the housing needs
of low and moderate income veterans. There is
a development pipeline of 83 units to be built in
the San Gabriel Valley area over the next 18 to 36
months with the first project scheduled to be built
in the City of Montebello. This project will
develop four single family residences for sale to
veteran families. If interested in purchasing
these homes please contact us for qualification
criteria. For more information about our
development activities contact Anne Vilagut, or Rachel
Reyna or email us at
info@mhdcca.org

Foreclosure
Prevention Services:

The Foreclosure Prevention Program helps homeowners
who are in danger of losing their homes because of
foreclosure. MHDC Housing Counselors provide
comprehensive advice and assistance in making
appropriate housing choices. These foreclosure
prevention services are provided free of charge.
For clients that have been denied modification or
seeking additional information regarding foreclosure
MHDC offers an Foreclosure Options workshop which
provide information about the various options
available to home owners facing foreclosure.
Contact Juan Rivera for assistance and more
information about our foreclosure prevention
programs at 323-722-3955.

FHA Back to Work Program

The Federal Housing Administration’s Back to Work –
Extenuating Circumstances mortgage loan program
shortens the waiting period to buy a home to as
little as one year after having had a bankruptcy,
foreclosure, deed in lieu of foreclosure, or short
sale. MHDC provides the required counseling that
involves assessing debt, evaluating ability to
afford a mortgage, discussing features of a
mortgage, explaining the loan application process
and educating about mortgage insurance.

Corporate Home Ownership Seminars:

These events aim to meet the growing need for new
ways to expand home ownership opportunities to
underserved communities. The content focuses on
providing information on the many programs available
in the surrounding communities we serve. Employers
and local officials work with MHDC to facilitate
host presentations to their constituents and
employees at no cost.

Legislative
Advocacy Program:

Championing housing issues in Sacramento and
Washington D.C., MHDC has led with a progressive
Housing Advocacy Policy on behalf of the
constituency we serve. By building key partnerships
with elected leaders at the local, state and
national levels and by collaborating with other
agencies, MHDC is able to advocate effectively on
behalf of clients in our state capital and on the
floors of congress. Locally, MHDC has embarked on an
important course — hosting legislative briefings
(education and advocacy on housing legislation and
policy) for local, state and federal elected
leaders. To volunteer or join our advocacy efforts
contact President Robert Monzon at 323-722-3955 or
626-524-1962.

Loan
Portfolio Management

The agency has funded over 600 silent second loans
on behalf of the City of Montebello and the State of
California. The funds provided by these sources are
used for downpayment and closing cost assistance and
are offered to families of low and moderate income.
Many of these loans have been paid back to the MHDC
and funds are recycled to other families. The
current loan portfolio managed by MHDC is valued at
6.3 Million and has 103 loans to low moderate income
buyers. This has leveraged over $20,000,000 million
in loans by lending institutions to low and moderate
income families.

Loan
Servicing

Many of the loans provided by MHDC to low and
moderate income families are deferred loans which
are serviced by MHDC loan department staff and
finance department. These loans require collections
and servicing activities as well as monitoring the
loans to keep them performing.

Compliance
Monitoring

Because MHDC is a recipient of CalHome and Set Aside
Funds monitoring the loans for compliance is
critical to the success of our programs. We conduct
annual monitoring activities including loan reviews,
compliance letters, and if necessary site visits to
insure that funds are used under compliant
circumstances and if necessary corrective action is
taken to rectify and non-compliant matters.

Neighbor
Helping Neighbor & Community Beautification Program:

MHDC coordinates community neighborhood pride
projects with elected leaders, faith communities,
and service clubs and youth volunteers to assist
community residents with local clean-ups and with
minor home repairs. This program also undertakes
clean-up campaigns in residential and commercial
areas. Past partners include service clubs like the
Kiwanis Club, Rotary Club and Rotary Interact Club,
as well as Schurr High School Key Clubs. Contact
Esther Sanchez at 323-722-3955 for more
information or coordinate your own neighborhood
clean up program.

Housing
Development Program

MHDC has experience in new housing development and
has built over 17 units of new single family
residents in the Montebello area. Projects have
included single family residences, and planned unit
developments. Our experience includes
pre-development activities, entitlements,
construction and if necessary HOA consulting.
For more information regarding our Acquisitions and
Development programs and activities contact Jaime
Legaspi Vice President 323-722-3955 or email us at
info@mhdcca.org

Homeowner Occupied Rehabilitation:

This is a Loan Program for senior citizens who own
and occupy their homes. They are provided with
low-interest loans to address quality of life,
safety and modernization of their residence. These
low-interest loans are deferred and due upon the
transfer of the property title. Up to $20,000 in
loans are provided to individuals who meet
state-approved low-to-moderate-income guidelines.
MHDC also partners with elected leaders, service
organizations, faith communities and youth groups to
organize local clean-ups related to rehabilitation
Contractors are hired to help address structural
rehabilitative work.

Home
Rescue and Expo Fairs

MHDC has been a local leader in developing community
Rescue and Housing Expo fairs that collaborate with
Lenders, Realtors, Government Officials, and local
Chambers to provide housing related services to
residents. Our fairs are well attended and provide
a service that draws participants. These events are
usually well covered by the media and television
stations such as Telemundo and KCET. When
events are aired the night before or morning of an
event residents get the information they need to be
successful at our events. They come prepared
with the forms they need, or the question that
matter to their specific situation whether it be
buying a home or saving their existing home from
foreclosure. To volunteer or participate in
any of our upcoming events contact Rachel Reyna or
Anne Vilagut at
323-722-3955.